Target Corporation Shifts Senior Merchant and Marketing Roles
Christina Hennington, currently chief growth officer, has been named chief strategy and growth officer, Rick Gomez has been appointed chief commercial officer, and Lisa Roath, current CMO, will take on the role of chief merchandising officer of food, essentials and beauty,
CSG Again Increases Purchase Price for Vista Outdoor’s Ammo Business
Vista Outdoor, Inc. announced that Czechoslovak Group (CSG) had increased its bid for The Kinetic Group, Vista Outdoor’s ammunition business, by $40 million from $1.96 billion to $2 billion. The higher offer comes as Institutional Shareholder Services (ISS) last week called on Vista Outdoor shareholders to abstain from voting to approve the sale.
Skeeter Boats Appoints New General Manager
John Clark was the assistant GM, and his responsibilities included managing daily operations, staff, facilities, and Skeeter’s long-term vision. He joined the company in 2006.
Sierra Bullets and Barnes Bullets Appoints New CEO
Most recently, Jim Bruno, the new CEO, was president at Vista Outdoors’ Bushnell unit, which holds many brands in its portfolio, including Bushnell, Simmons, Primos, Hoppes, Champion, Gold Tip, BeeStinger.
EXEC: Vista Sees Proxy Advisor Change View on Ammo Group Sale; Suggests MNC Re-Look
Institutional Shareholder Services is now calling on Vista Outdoor shareholders to abstain from voting on Vista’s $1.96 billion sale of its Kinetic Group ammunition business unit to Czechoslovakia Group after recommending shareholders approve the sale only three weeks ago.
Summer Kicks Off in NYC with Mubadala New York Sail Grand Prix
The first F50s have hit the water in New York City to begin training ahead of racing this weekend. After two fleet races on June 23, the top three ranked teams will fiercely compete in the winner-takes-all final, which will ultimately decide the event winner.
Badlands Launches UV Hoodie for Hot-Weather Adventures
Features include a UPF 50 UV protection rating to keep the worst of the sun’s rays off the body. Now in its 32nd year, Badlands focuses on quality, innovation, and performance and offers an unconditional lifetime product warranty.
EXEC: Smith & Wesson CEO Sees Company Outpacing Industry, Led by 1854 Launch
In the sporting goods channel, the company’s long gun unit shipments increased by over 14 percent in the fourth quarter versus the year-ago period and handgun shipments were said to be up almost 8 percent.
Report: Retail Sales Show Signs of Stabilization in May
The latest report from Circana reveals that U.S. retail sales, encompassing discretionary general merchandise and consumer packaged goods (CPG), have experienced a 1 percent growth, with consumers adapting their spending habits in response to moderating price pressures.
Smith & Wesson’s Revenues Expand 10 Percent in Fourth Quarter
Smith & Wesson Brands, Inc. reported earnings on an adjusted basis gained 43.1 percent in the fiscal fourth quarter ended April 30. Sales advanced 9.9 percent. Mark Smith, president and CEO, said, “We continue to expect healthy demand overall for firearms in fiscal 2025.”
Amazon to End Plastic Use In Shipping
Amazon will eliminate “almost 15 billion plastic air pillows annually to reduce its environmental footprint.” The company will use 100 percent recycled paper filler, which is recyclable and “offers the same, if not better, protection.”
Winnebago’s Quarterly Sales Sink 13 Percent
Winnebago Industries, Inc. reported profits fell 50.9 percent in its fiscal third quarter ended May 25 as sales declined 12.7 percent. The company indicated profitability improved sequentially in both its Towable RV and Marine Segments.
Blain’s Farm & Fleet Names New CEO, Exec Chair, and Chief Stores Officer
Mark Hasting was promoted to president and CEO and Kim Treece to chief stores officer. Jane Blain Gilbertson will assume the executive chair of the company’s Board and remain the sole owner of Blain’s Farm & Fleet and Blain Supply, Inc.
Fifty 1 Labs Acquires Drago Knives
The acquisition of Drago Knives, LLC, marks a milestone for Fifty 1 Labs as it expands its portfolio into the “growing market of throwing knives,” an ancient practice with a history that dates back to prehistoric times.
Retail Sales in May Weaker Than Forecasted
Retail sales increased slower than expected in May versus the prior month, as high interest rates and inflation pressured consumer spending.
